UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
 
 
 
 
FORM 8-K
 
 
 
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
Date of Report (Date of earliest event reported): January 22, 2016
 
 
 
 
KANSAS CITY SOUTHERN
(Exact name of registrant as specified in its charter)
 
 
 
 
DELAWARE
1-4717
44-0663509
(State or other jurisdiction
(Commission
(IRS Employer
of incorporation)
file number)
Identification Number)

427 West 12th Street, Kansas City, Missouri 64105
(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code:
(816) 983 - 1303

Not Applicable
(Former name or former address if changed since last report)
 
 
 
 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 
 







Item 2.02 Results of Operations and Financial Condition.
Kansas City Southern (the “Company”, “KCS”) is furnishing under Item 2.02 of this Current Report on Form 8-K, the information included as Exhibit 99.1 to this report. Exhibit 99.1 is the Company’s press release, dated January 22, 2016, announcing the Company’s fourth quarter and year ended December 31, 2015 earnings and operating results. Included in Exhibit 99.1 are schedules regarding certain financial information discussed during the Company’s fourth quarter and year ended December 31, 2015 analyst presentation and conference call.
The information included in this Item 2.02, and Exhibit 99.1 to this Current Report on Form 8-K, shall not be deemed “filed” for the purposes of or otherwise subject to the liabilities under Section 18 of the Securities Exchange Act of 1934 as amended (the “Exchange Act”). Unless expressly incorporated into a filing of KCS under the Securities Act of 1933, or the Exchange Act made after the date hereof, the information contained in this Item 2.02 and Exhibit 99.1 hereto shall not be incorporated by reference into any filing of KCS, whether made before or after the date hereof, regardless of any general incorporation language in such filing.
Item 9.01 Financial Statements and Exhibits.
(d)
Press Release dated January 22, 2016 issued by Kansas City Southern entitled “Kansas City Southern Reports Fourth Quarter and Full-Year 2015”.





2




SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Kansas City Southern
Date: January 22, 2016
By:
/s/ Mary K. Stadler
 
Name: Mary K. Stadler
 
Title: Senior Vice President & Chief Accounting Officer
 
(Principal Accounting Officer)




3




Exhibit Index
Exhibit No
 
Description
99.1
 
Press Release dated January 22, 2016 issued by Kansas City Southern entitled “Kansas City Southern Reports Fourth Quarter and Full-Year 2015”.








Exhibit 99.1
    

KCS: William H. Galligan, 816-983-1551, bgalligan@kcsouthern.com
    

Kansas City Southern Reports Fourth Quarter and Full-Year 2015

Fourth Quarter 2015 Results

Revenue of $598 million, a decrease of 7% from fourth quarter 2014.
Operating income of $219 million, 2% higher than a year ago.
Operating ratio of 63.4%, compared with 66.7% in fourth quarter 2014.
Diluted earnings per share of $1.28. Adjusted diluted earnings per share of $1.23 for fourth quarter 2015, a 3% decrease compared to fourth quarter 2014.

Kansas City, Mo., January 22, 2016. Kansas City Southern (KCS) (NYSE:KSU) reported fourth quarter 2015 revenues of $598 million. Overall, carload volumes were 2% lower than in fourth quarter 2014. Excluding the estimated impacts of Mexican peso depreciation and lower U.S. fuel prices, revenue was flat compared to the fourth quarter of 2014.

Operating expenses in the fourth quarter were $379 million, 12% lower than 2014. Excluding the estimated impacts of Mexican peso depreciation and lower U.S. fuel prices, operating expenses decreased 3% compared to the fourth quarter of 2014.

Operating income for the fourth quarter of 2015 was $219 million compared with $214 million a year ago, a 2% increase. KCS reported a fourth quarter 2015 operating ratio of 63.4%, a 3.3 point improvement from fourth quarter 2014. Reported net income in the fourth quarter of 2015 totaled $140 million, or $1.28 per diluted share, compared with $142 million, or $1.28 per diluted share, in the fourth quarter of 2014. Excluding debt retirement and exchange costs, and the impacts of foreign exchange rate fluctuations, adjusted diluted earnings per share for fourth quarter 2015 was $1.23 compared to $1.27 in 2014.
  
For the full year of 2015, revenue was $2.4 billion, down 6% from 2014. Carloads for 2015 were 2.2 million, a decrease of 3% from the prior year. After adjusting for lease termination costs, full-year operating income was $813 million. Full-year 2015 adjusted operating income decreased 4% from the prior year’s adjusted operating income. The Company’s 2015 adjusted operating ratio was 66.4% compared with the adjusted operating ratio of 67.1% in 2014, a 0.7 point improvement.

Reported net income in 2015 totaled $485 million, or $4.40 per diluted share, compared with $504 million, or $4.55 per diluted share, in 2014. Excluding lease termination, debt retirement and exchange costs, and the impacts of foreign exchange rate fluctuations, adjusted diluted earnings per share for 2015 was $4.49 compared to $4.82 in 2014.

“KCS’ ability to react to a rapidly changing market and operational conditions was clearly evidenced during the fourth quarter in which not only did the Company have to contend with an unsettled economy but also with a hurricane in Mexico and floods in a key section of its U.S. rail network,” stated Chief Executive Officer David L. Starling. “Despite these challenges, KCS attained a fourth quarter 2015 operating ratio of 63.4%, a 3.3 point improvement from the prior year. System velocity and system dwell metrics also improved, returning KCS to the top tier of Class I railroads in these categories.”

“Though our industry still must contend with economic uncertainty in 2016, the progress we have made during 2015 gives us confidence that KCS is positioned to maximize its near-term and longer-term business opportunities.”





GAAP Reconciliations
($ in millions, except per share amounts)
Reconciliation of Diluted Earnings per Share to Adjusted
 
 
 
 
 
   Diluted Earnings per Share
Three Months Ended December 31, 2015
 
Income Before Income Taxes
 
Income Tax Expense
 
Net Income
 
Diluted Earnings per Share
As reported
$
186.7

 
$
46.7

 
$
140.0

 
$
1.28

Adjustments for:
 
 
 
 
 
 
 
Debt retirement and exchange costs
7.6

 
2.7

 
4.9

 
0.05

Foreign exchange loss
4.5

 
1.4

 
3.1

 
0.03

Foreign exchange component of income taxes

 
13.9

 
(13.9
)
 
(0.13
)
Adjusted
$
198.8

 
$
64.7

 
134.1

 
 
Less: Noncontrolling interest
 
 
 
 
(0.7
)
 
 
Adjusted net income available to common
 
 
 
 
 
 
 
stockholders - see (a) below
 
 
 
 
$
133.4

 
$
1.23

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 
Three Months Ended December 31, 2014
 
Income Before Income Taxes
 
Income Tax Expense
 
Net Income
 
Diluted Earnings per Share
As reported
$
170.2

 
$
28.5

 
$
141.7

 
$
1.28

Adjustments for:
 
 
 
 
 
 
 
Foreign exchange loss
31.4

 
9.4

 
22.0

 
0.20

Foreign exchange component of income taxes

 
22.9

 
(22.9
)
 
(0.21
)
Adjusted
$
201.6

 
$
60.8

 
140.8

 
 
Less: Noncontrolling interest
 
 
 
 
(0.7
)
 
 
Adjusted net income available to common
 
 
 
 
 
 
 
stockholders - see (a) below
 
 
 
 
$
140.1

 
$
1.27

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 






GAAP Reconciliations (continued)
($ in millions, except per share amounts)

Reconciliation of Diluted Earnings per Share to Adjusted
 
 
 
   Diluted Earnings per Share (continued)
Twelve Months Ended December 31, 2015
 
Income Before Income Taxes
 
Income Tax Expense
 
Net Income
 
Diluted Earnings per Share
As reported
$
672.6

 
$
187.3

 
$
485.3

 
$
4.40

Adjustments for:
 
 
 
 
 
 
 
Lease termination costs
9.6

 
2.9

 
6.7

 
0.06

Debt retirement and exchange costs
7.6

 
2.7

 
4.9

 
0.04

Foreign exchange loss
56.6

 
17.0

 
39.6

 
0.36

Foreign exchange component of income taxes

 
40.5

 
(40.5
)
 
(0.37
)
Adjusted
$
746.4

 
$
250.4

 
496.0

 
 
Less: Noncontrolling interest and preferred
 
 
 
 
 
 
 
stock dividends
 
 
 
 
(2.0
)
 
 
Adjusted net income available to common
 
 
 
 
 
 
 
stockholders - see (a) below
 
 
 
 
$
494.0

 
$
4.49

 
 
 
 
 
 
 
 

 
Twelve Months Ended December 31, 2014
 
Income Before Income Taxes
 
Income Tax Expense
 
Net Income
 
Diluted Earnings per Share
As reported
$
713.1

 
$
208.8

 
$
504.3

 
$
4.55

Adjustments for:
 
 
 
 
 
 
 
Lease termination costs
38.3

 
13.0

 
25.3

 
0.23

Debt retirement and exchange costs
6.6

 
2.2

 
4.4

 
0.04

Foreign exchange loss
35.5

 
10.6

 
24.9

 
0.22

Foreign exchange component of income taxes

 
24.2

 
(24.2
)
 
(0.22
)
Adjusted
$
793.5

 
$
258.8

 
534.7

 
 
Less: Noncontrolling interest and preferred
 
 
 
 
 
 
 
stock dividends
 
 
 
 
(1.9
)
 
 
Adjusted net income available to common
 
 
 
 
 
 
 
stockholders - see (a) below
 
 
 
 
$
532.8

 
$
4.82

 
 
 
 
 
 
 
 





GAAP Reconciliations (continued)
($ in millions)


Reconciliation of Operating Expenses to Adjusted
 
Twelve Months Ended
 
   Operating Expenses
 
December 31,
 
 
 
2015
 
2014
 
Operating expenses as reported
 
$
1,615.0

 
$
1,768.0

 
Adjustment for lease termination costs
 
(9.6
)
 
(38.3
)
 
Adjusted operating expenses - see (b) below
 
$
1,605.4

 
$
1,729.7

 
 
 
 
 
 
 
Operating income as reported
 
$
803.8

 
$
809.1

 
Adjusted operating income - see (b) below
 
813.4

 
847.4

 
 
 
 
 
 
 
Operating ratio (c) as reported
 
66.8
%
 
68.6
%
 
Adjusted operating ratio - see (b) and (c) below
 
66.4
%
 
67.1
%
 


Revenue Change Excluding Estimated Foreign Exchange
 
 
 
 
 
   and U.S. Fuel Price Impacts
 
 
 
 
 
 
 
 
 
Change %
 
Reported revenues for the three months ended December 31, 2015
 
$
598.0

 
 
 
Reported revenues for the three months ended December 31, 2014
 
642.5

 
 
 
Revenue change
 
(44.5
)
 
(7
%)
 
 
 
 
 
 
 
Estimated foreign exchange impact
 
20.2

 
 
 
Estimated U.S. fuel price impact
 
27.2

 
 
 
Revenue change excluding foreign exchange and U.S. fuel price
 
 
 
 
 
impacts - see (d) below
 
$
2.9

 

 
 
 
 
 
 
 


Operating Expense Change Excluding Estimated Foreign
 
 
 
 
 
   Exchange and U.S. Fuel Price Impacts
 
 
 
 
 
 
 
 
 
Change %
 
Reported operating expenses for the three months ended December 31, 2015
 
$
379.1

 
 
 
Reported operating expenses for the three months ended December 31, 2014
 
428.6

 
 
 
Operating expense change
 
(49.5
)
 
(12
%)
 
 
 
 
 
 
 
Estimated foreign exchange impact
 
20.4

 
 
 
Estimated U.S. fuel price impact
 
15.2

 
 
 
Operating expense change excluding foreign exchange and U.S. fuel price
 
 
 
 
 
impacts - see (d) below
 
$
(13.9
)
 
(3
%)
 
 
 
 
 
 
 






(a)
The Company believes adjusted diluted earnings per share is meaningful as it allows investors to evaluate the Company's performance for different periods on a more comparable basis by excluding the impact of changes in foreign currency exchange rates and items that are not directly related to the ongoing operations of the Company.
(b)
The Company believes adjusted operating expenses, operating income and operating ratio are meaningful as they allow investors to evaluate the Company's performance for different periods on a more comparable basis by excluding items that are not directly related to the ongoing operations of the Company.
(c)
Operating ratio is calculated by dividing operating expenses by revenues; or in the case of adjusted operating ratio, adjusted operating expenses divided by revenues.
(d)
The Company believes revenue and operating expense changes excluding foreign exchange and U.S. fuel price impacts are meaningful measures as they allow investors to evaluate the Company's performance for different periods on a more comparable basis by excluding the impacts of fluctuations in foreign currency exchange rates and U.S. fuel price by holding these rates constant between the reporting periods.


Headquartered in Kansas City, Mo., Kansas City Southern (KCS) (NYSE: KSU) is a transportation holding company that has railroad investments in the U.S., Mexico and Panama.  Its primary U.S. holding is KCSR, serving the central and south central U.S.  Its international holdings include Kansas City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal.  KCS’ North American rail holdings and strategic alliances are primary components of a NAFTA Railway system, linking the commercial and industrial centers of the U.S., Mexico and Canada.


This news release contains “forward-looking statements” within the meaning of the securities laws concerning potential future events involving KCS and its subsidiaries, which could materially differ from the events that actually occur.  Words such as “projects,” “estimates,” “forecasts,” “believes,” “intends,” “expects,” “anticipates,” and similar expressions are intended to identify many of these forward-looking statements.  Such forward-looking statements are based upon information currently available to management and management’s perception thereof as of the date hereof.  Differences that actually occur could be caused by a number of external factors over which management has little or no control, including: competition and consolidation within the transportation industry; the business environment in industries that produce and use items shipped by rail; loss of the rail concession of KCS’ subsidiary, Kansas City Southern de México, S.A. de C.V.; the termination of, or failure to renew, agreements with customers, other railroads and third parties; interest rates; access to capital; disruptions to KCS’ technology infrastructure, including its computer systems; natural events such as severe weather, hurricanes and floods; market and regulatory responses to climate change; credit risk of customers and counterparties and their failure to meet their financial obligations; legislative and regulatory developments and disputes; rail accidents or other incidents or accidents on KCS’ rail network or at KCS’ facilities or customer facilities involving the release of hazardous materials, including toxic inhalation hazards; fluctuation in prices or availability of key materials, in particular diesel fuel; dependency on certain key suppliers of core rail equipment; changes in securities and capital markets; availability of qualified personnel; labor difficulties, including strikes and work stoppages; insufficiency of insurance to cover lost revenue, profits or other damages; acts of terrorism or risk of terrorist activities; war or risk of war; domestic and international economic conditions; political and economic conditions in Mexico and the level of trade between the United States and Mexico; increased demand and traffic congestion; the outcome of claims and litigation involving KCS or its subsidiaries; and other factors affecting the operation of the business.  More detailed information about factors that could affect future events may be found in filings by KCS with the Securities and Exchange Commission, including KCS’ Annual Report on Form 10-K for the year ended December 31, 2014 (File No. 1-4717) and subsequent reports.  Forward-looking statements are not, and should not be relied upon as, a guarantee of future performance or results, nor will they necessarily prove to be accurate indications of the times at or by which any such performance or results will be achieved.  As a result, actual outcomes and results may differ materially from those expressed in forward-looking statements.  KCS is not obligated to update any forward-looking statements to reflect future events or developments.






 
 
 
 
 
 
 
 
Kansas City Southern and Subsidiaries
Consolidated Statements of Income
(In millions, except share and per share amounts)
(Unaudited)
 
Three Months Ended
 
Twelve Months Ended
 
December 31,
 
December 31,
 
2015
 
2014
 
2015
 
2014
Revenues
$
598.0

 
$
642.5

 
$
2,418.8

 
$
2,577.1

Operating expenses:
 
 
 
 
 
 
 
Compensation and benefits
103.9

 
123.2

 
442.2

 
474.5

Purchased services
50.9

 
62.0

 
223.0

 
245.2

Fuel
69.9

 
95.1

 
306.9

 
415.9

Equipment costs
29.2

 
29.6

 
119.4

 
119.2

Depreciation and amortization
73.9

 
67.3

 
284.6

 
258.1

Materials and other
51.3

 
51.4

 
229.3

 
216.8

Lease termination costs

 

 
9.6

 
38.3

Total operating expenses
379.1

 
428.6

 
1,615.0

 
1,768.0

Operating income
218.9

 
213.9

 
803.8

 
809.1

Equity in net earnings of unconsolidated affiliates
3.9

 
4.5

 
18.3

 
21.1

Interest expense
(23.7
)
 
(18.3
)
 
(81.9
)
 
(72.8
)
Debt retirement and exchange costs
(7.6
)
 

 
(7.6
)
 
(6.6
)
Foreign exchange loss
(4.5
)
 
(31.4
)
 
(56.6
)
 
(35.5
)
Other income (expense), net
(0.3
)
 
1.5

 
(3.4
)
 
(2.2
)
Income before income taxes
186.7

 
170.2

 
672.6

 
713.1

Income tax expense
46.7

 
28.5

 
187.3

 
208.8

Net income
140.0

 
141.7

 
485.3

 
504.3

Less: Net income attributable to noncontrolling interest
0.7

 
0.7

 
1.8

 
1.7

Net income attributable to Kansas City Southern and subsidiaries
139.3

 
141.0

 
483.5

 
502.6

Preferred stock dividends

 

 
0.2

 
0.2

Net income available to common stockholders
$
139.3

 
$
141.0

 
$
483.3

 
$
502.4

 
 
 
 
 
 
 
 
Earnings per share:
 
 
 
 
 
 
 
Basic earnings per share
$
1.28

 
$
1.28

 
$
4.41

 
$
4.56

Diluted earnings per share
$
1.28

 
$
1.28

 
$
4.40

 
$
4.55

 
 
 
 
 
 
 
 
Average shares outstanding (in thousands):
 
 
 
 
 
 
 
Basic
108,521

 
110,227

 
109,709

 
110,163

Potentially dilutive common shares
216

 
266

 
206

 
270

Diluted
108,737

 
110,493

 
109,915

 
110,433

 
 
 
 
 
 
 
 






Kansas City Southern and Subsidiaries
Revenue & Carload/Units by Commodity - Fourth Quarter 2015 and 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Revenues
 
 
 
 Carloads and Units
 
 
 
 Revenue per
 
 
 
(in millions)
 
 
 
(in thousands)
 
 
 
Carload/Unit
 
 
 
Fourth Quarter
 
%
 
Fourth Quarter
 
%
 
Fourth Quarter
 
%
 
2015
 
2014
 
Change
 
2015
 
2014
 
Change
 
2015
 
2014
 
Change
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Chemical & Petroleum
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Chemicals
$
52.9

 
$
53.3

 
(1
%)
 
28.0

 
28.3

 
(1
%)
 
$
1,889

 
$
1,883

 

Petroleum
35.3

 
32.4

 
9
%
 
20.4

 
17.0

 
20
%
 
1,730

 
1,906

 
(9
%)
Plastics
32.2

 
29.6

 
9
%
 
18.1

 
16.3

 
11
%
 
1,779

 
1,816

 
(2
%)
Total
120.4

 
115.3

 
4
%
 
66.5

 
61.6

 
8
%
 
1,811

 
1,872

 
(3
%)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Industrial & Consumer Products
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Forest Products
64.2

 
67.4

 
(5
%)
 
29.8

 
32.4

 
(8
%)
 
2,154

 
2,080

 
4
%
Metals & Scrap
45.5

 
65.4

 
(30
%)
 
25.3

 
33.9

 
(25
%)
 
1,798

 
1,929

 
(7
%)
Other
19.9

 
18.3

 
9
%
 
17.3

 
17.6

 
(2
%)
 
1,150

 
1,040

 
11
%
Total
129.6

 
151.1

 
(14
%)
 
72.4

 
83.9

 
(14
%)
 
1,790

 
1,801

 
(1
%)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Agriculture & Minerals
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Grain
56.7

 
65.7

 
(14
%)
 
31.7

 
34.7

 
(9
%)
 
1,789

 
1,893

 
(5
%)
Food Products
37.5

 
35.9

 
4
%
 
17.6

 
15.9

 
11
%
 
2,131

 
2,258

 
(6
%)
Ores & Minerals
7.0

 
5.5

 
27
%
 
8.0

 
5.7

 
40
%
 
875

 
965

 
(9
%)
Stone, Clay & Glass
7.4

 
6.6

 
12
%
 
3.2

 
2.9

 
10
%
 
2,313

 
2,276

 
2
%
Total
108.6

 
113.7

 
(4
%)
 
60.5

 
59.2

 
2
%
 
1,795

 
1,921

 
(7
%)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Energy
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Utility Coal
44.2

 
42.7

 
4
%
 
52.9

 
44.2

 
20
%
 
836

 
966

 
(13
%)
Coal & Petroleum Coke
9.4

 
10.9

 
(14
%)
 
16.2

 
15.4

 
5
%
 
580

 
708

 
(18
%)
Frac Sand
5.9

 
15.4

 
(62
%)
 
4.1

 
7.8

 
(47
%)
 
1,439

 
1,974

 
(27
%)
Crude Oil
8.3

 
7.5

 
11
%
 
6.1

 
4.2

 
45
%
 
1,361

 
1,786

 
(24
%)
Total
67.8

 
76.5

 
(11
%)
 
79.3

 
71.6

 
11
%
 
855

 
1,068

 
(20
%)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Intermodal
93.4

 
102.4

 
(9
%)
 
244.3

 
261.0

 
(6
%)
 
382

 
392

 
(3
%)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Automotive
54.7

 
60.6

 
(10
%)
 
32.8

 
32.5

 
1
%
 
1,668

 
1,865

 
(11
%)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL FOR COMMODITY GROUPS
574.5

 
619.6

 
(7
%)
 
555.8

 
569.8

 
(2
%)
 
$
1,034

 
$
1,087

 
(5
%)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Revenue
23.5

 
22.9

 
3
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL
$
598.0

 
$
642.5

 
(7
%)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 






Kansas City Southern and Subsidiaries
Revenue & Carload/Units by Commodity - Years Ended December 31, 2015 and 2014
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Revenues
 
 
 
 Carloads and Units
 
 
 
 Revenue per
 
 
 
(in millions)
 
 
 
(in thousands)
 
 
 
Carload/Unit
 
 
 
Years Ended
 
%
 
Years Ended
 
%
 
Years Ended
 
%
 
2015
 
2014
 
Change
 
2015
 
2014
 
Change
 
2015
 
2014
 
Change
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Chemical & Petroleum
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Chemicals
$
215.6

 
$
214.3

 
1
%
 
115.8

 
115.2

 
1
%
 
$
1,862

 
$
1,860

 

Petroleum
136.9

 
124.5

 
10
%
 
76.3

 
68.2

 
12
%
 
1,794

 
1,826

 
(2
%)
Plastics
121.7

 
114.2

 
7
%
 
67.6

 
63.5

 
6
%
 
1,800

 
1,798

 

Total
474.2

 
453.0

 
5
%
 
259.7

 
246.9

 
5
%
 
1,826

 
1,835

 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Industrial & Consumer Products
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Forest Products
269.7

 
271.5

 
(1
%)
 
127.1

 
129.6

 
(2
%)
 
2,122

 
2,095

 
1
%
Metals & Scrap
221.9

 
272.3

 
(19
%)
 
120.7

 
141.4

 
(15
%)
 
1,838

 
1,926

 
(5
%)
Other
78.8

 
79.5

 
(1
%)
 
72.7

 
76.4

 
(5
%)
 
1,084

 
1,041

 
4
%
Total
570.4

 
623.3

 
(8
%)
 
320.5

 
347.4

 
(8
%)
 
1,780

 
1,794

 
(1
%)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Agriculture & Minerals
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Grain
231.0

 
258.2

 
(11
%)
 
132.9

 
137.7

 
(3
%)
 
1,738

 
1,875

 
(7
%)
Food Products
142.7

 
137.6

 
4
%
 
64.7

 
60.0

 
8
%
 
2,206

 
2,293

 
(4
%)
Ores & Minerals
27.2

 
23.0

 
18
%
 
28.9

 
24.0

 
20
%
 
941

 
958

 
(2
%)
Stone, Clay & Glass
28.4

 
27.8

 
2
%
 
12.3

 
12.2

 
1
%
 
2,309

 
2,279

 
1
%
Total
429.3

 
446.6

 
(4
%)
 
238.8

 
233.9

 
2
%
 
1,798

 
1,909

 
(6
%)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Energy
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Utility Coal
140.6

 
199.1

 
(29
%)
 
173.7

 
192.5

 
(10
%)
 
809

 
1,034

 
(22
%)
Coal & Petroleum Coke
39.6

 
40.9

 
(3
%)
 
61.2

 
60.3

 
1
%
 
647

 
678

 
(5
%)
Frac Sand
38.4

 
63.7

 
(40
%)
 
23.1

 
32.3

 
(28
%)
 
1,662

 
1,972

 
(16
%)
Crude Oil
33.7

 
23.1

 
46
%
 
22.8

 
14.1

 
62
%
 
1,478

 
1,638

 
(10
%)
Total
252.3

 
326.8

 
(23
%)
 
280.8

 
299.2

 
(6
%)
 
899

 
1,092

 
(18
%)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Intermodal
381.5

 
395.8

 
(4
%)
 
990.3

 
1,019.6

 
(3
%)
 
385

 
388

 
(1
%)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Automotive
218.7

 
238.4

 
(8
%)
 
126.5

 
127.1

 

 
1,729

 
1,876

 
(8
%)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL FOR COMMODITY GROUPS
2,326.4

 
2,483.9

 
(6
%)
 
2,216.6

 
2,274.1

 
(3
%)
 
$
1,050

 
$
1,092

 
(4
%)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Other Revenue
92.4

 
93.2

 
(1
%)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TOTAL
$
2,418.8

 
$
2,577.1

 
(6
%)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 



Kansas City Southern (NYSE:KSU)
Historical Stock Chart
From Feb 2024 to Mar 2024 Click Here for more Kansas City Southern Charts.
Kansas City Southern (NYSE:KSU)
Historical Stock Chart
From Mar 2023 to Mar 2024 Click Here for more Kansas City Southern Charts.